Asia Electronic Material Net Worth is61.0 $Million
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Company Name: MEMC Electronic Materials
Company Type: Public company
Traded As: WFR
Company Slogan: ''Technology is built on us.''
Foundation: 1959
Location City: St. Peters, Missouri, Missouri
Key People: Ahmad Chatila, President & CEO
Industry: Semiconductors
Products: Polysilicon, Semiconductor Wafers, Solar Wafers, Photovoltaic plants,
Revenue: United States dollar1.16 billion (2009) Operating Income: United States dollar127 million (2009) Num Employees: 5,100 (2009) Homepage: []
MEMC Electronic Materials (NYSE: WFR) is a United States manufacturer of silicon wafers for the semiconductor industry. Originally established in 1959 as the Monsanto Electronic Materials Company, a business unit of Monsanto Company, the company is based in St. Peters, Missouri.
Ahmad Chatila is the current President and Chief Executive Officer of MEMC. Mr. Chatila was appointed President and Chief Executive Officer and a member of the Board of Directors of MEMC on March, 2nd 2009.
Monsanto Electronic Materials Company (MEMC) was established on August 6, 1959 as part of the US-based multinational corporation Monsanto. In the same year MEMC starts the production of 19-mm-silicon-Wafers in St. Charles County, Missouri. As one of the first corporations to produce semiconductor wafers, MEMC is considered a pioneer in this field, its innovations becoming industry standard for years. MEMC uses the Czochralski process, develops Chemical Mechanical Polishing (CMP) and starts production of 1,5-inch-wafers. In 1966 MEMC installs the first reactors for production of EPI-wafers and develops zero-dislocation-crystal-growing.
During the 70s MEMC opens a production plant in Kuala Lumpur (Malaysia). Step by step diameters of wafers are increased to 5 inches. In 1981 MEMC constructs a production and R&D-facility in Japan, specifically in Utsunomiya, as the first non-Japanese corporation. 3 years later the production of 200 mm wafers is started by MEMC on economic scale, with the corporation taking on a pioneering role again.
High price pressure from Japanese competition leads to an ever increasing pressure on MEMC during the 80s. Despite increasing revenues MEMC has to account for losses for several years, leading to the decision of Monsanto to sell the company. In 1989 MEMC is bought by Dynamite Nobel Silicons (DNS), a subsidy of the German HA 1/4 ls AG, which itself is part of the German VEBA AG. DNS already operates silicon wafer plants in Meran and Novara, Italy and

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